PCDIC May Update

May Update

The Phoenix IDA and Phoenix Community Development & Investment Corporation (PCDIC) are pleased to share 2023 highlights in the areas of public finance, community investments, homebuyer assistance and special projects. …

PCDIC April Update

April Update

The Phoenix Community Development & Investment Corporation (PCDIC), which is administered by the Phoenix IDA, recently deployed a $15 million New Markets Tax Credit (NMTC) allocation in support of the …

March Update

Phoenix Community Development & Investment Corp. (PCDIC) recently deployed $13 million in New Markets Tax Credit (NMTC) allocation to Child Crisis Arizona, a Mesa, Ariz.-based nonprofit focused on preventing child …

February Update

Home in Five Advantage recently hit a big milestone by providing down payment and closing cost assistance to 25,000 Arizona residents. Launched in 2012 via a partnership between the Phoenix …

PCDIC January Update

January Update

Colin Tetreault, senior manager for Ernst & Young’s Climate Change and Sustainability Services division, was recently appointed to the Phoenix IDA board of directors. Tetreault is an accomplished sustainability business, …

PCDIC November Update

November Update 2023

The Phoenix IDA recently provided $30 million in bond funding for Residences at Falcon Park, a 192-unit multifamily residential rental housing complex to be constructed on 5.26 acres near 34th …

PCDIC October Update 2023

October Update 2023

PCDIC was recently awarded a $60 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to spur investment …

September Update 2023

September Update 2023

The Phoenix IDA recently provided $18.4 million in Multifamily Housing Revenue Bonds in support of Bret Tarver Terrace, a 96-unit affordable housing project that will be constructed on 3.42 acres on …

PCDIC August 2023 Newsletter

August Update 2023

“Over the past three years, PCDIC has been awarded a total of $135 million in NMTC allocations that go back into our community in areas that need it the most. …

July Update 2023

Our team at the Phoenix IDA recently engaged in some productive work sessions to update and improve our mission statement. In the complex world of public finance, it can be …